Needles, Inc

question 50

Multiple Choice

Needles, Inc., has five of its ten products at the end of the product life cycle. To maintain its market share, the firm must at least find ways to

• A) reduce the cost of marketing its products.
• B) cut manufacturing costs.
• C) extend or refine the want-satisfying capability of its products.
• D) reduce the number of employees.
• E) increase the price of the product.

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Definitions:

Loss On Realization

occurs when the proceeds from selling an asset or settling a liability are less than the carrying amount on the books.

Noncash Assets

Assets that cannot be easily converted into cash, such as real estate, equipment, and investments.

Capital Balances

The amount of money each partner has invested in a partnership or the equity value in partnerships' accounts.

Statement Of Partners' Equity

A financial document that shows changes in the ownership interest of partners in a partnership over a period of time.